Which of the following is a component of COSO's Enterprise Risk Management—Integrated Framework?

Monitoring is indeed a key component of COSO's Enterprise Risk Management—Integrated Framework. This framework is designed to help organizations identify, assess, and manage risks to achieve their objectives. Within this context, monitoring refers to the ongoing process of tracking the effectiveness of risk management strategies and internal controls.

Effective monitoring ensures that the risk management process remains relevant and effective over time. It involves continuous assessment, feedback, and adjustments based on observed outcomes and environmental changes. Organizations can make informed decisions and ensure compliance with regulations by systematically reviewing their risk management practices.

The other options, while important in their respective areas, do not align with the key components of the COSO framework. Training and Development, Marketing Strategy, and Human Resource Management are essential functions in an organization but are not specifically highlighted within the COSO Enterprise Risk Management framework as critical components for risk management. Thus, these options do not fulfill the criteria set by COSO in regard to risk management activities.